It is bad for workers and bad for consumers when local retailers, or even large chains, are bought out by private equity.

It is bad for communities when private equity firms buy up thousands of manufactured homes and the land that they sit on.

for 15 years the typical private equity fund has failed to outperform the stock market, which sounds a lot like private equity has been fooling everyone for the past 15 years.

This is why I have introduced the Stop Wall Street Looting Act.

It's bad for students when private equity firms buy up for-profit colleges.

We need to get the facts on the table about what private equity firms are doing to our economy and to our communities.

More than $150 billion a year is lost by these top earners. And that is exactly why Congress is considering a simple new third-party reporting requirement.

It is also bad for seniors and their families when private equity firms buy up nursing homes and other health care providers.

I would also like to submit a statement for the record from my friend, Senator Baldwin, who has been a fighter for the workers and the communities of Wisconsin.

One death is one death too many.

I don't want to eliminate private equity. But I do want to fix it.

I lost my brother early in the pandemic, and he had no one with him except the nurses who showed up to hold his hand.

Private equity relies on a business model that pays managers to go after short-term profits, charging huge fees even as they destroy the long-term prospects of the businesses they buy.

I'm asking you, Senators, to summon the same courage we found to stand up to these Wall Street executives and corporate billionaires, because essential workers can no longer be treated as collateral damage.

Everything they did was to profit them and to hurt the people, and they did not care.

I do not want to eliminate private equity, but I do want to fix it, and that is why I have introduced the Stop Wall Street Looting Act.

It's bad for workers and consumers when local retailers or even large chains are bought out by private equity firms.

teachers and firefighters are being asked to take money out of their retirements to pad the pockets of private equity billionaires, and they are not even getting the above-average market returns that they thought that they were paying for.